Discussion

i've been around this block enough to have learned thus far, those 'no money down! no credit needed! and 'no money of our own!' is FULL OF B...SH..T! you'll pull your hair out before hitting the wall of reality.
is it possible? i think anything is. but unless you find someone different, lenders want... More you to have 'skin' in the game so if you're trying for your first deal expecting someone to just hand you $$, dream on my brothers and sisters. 10% of ltv is standard across the board, & that's assuming you're experienced with supporting refs. while i get it, people need to stop false advertising like it works SO EASILY that your funding challenges are all gone POOF! (the only things may be gone are your sanity & hair)
in my opinion, beginners' choices are limited to 3 primary avenues:
1- that 1 in a million distressed smokin deal in/out to cash buyer pool (after you've spent lots'a time, effort and yup $$$$$$$ in ads, search, research, 1-1,000 meetings, etc)
2- rich uncle. (funding partner/group)
3- generate your own $$ by saving, working more, selling something, (your soul maybe:().
just be aware so you're not caught up with all the bs flying around these 'no money/credit deals' false ads. someone should be shot--dead that is.
be careful also of those who advertise pprties at close to retail prices and show 'sold, you missed it' some time later as they often sell to their own partnerships to appear to be moving inventory, it's designed to encourage buying from their next few offers. do your due diligence (dd) to secure yourself.

keep looking and doing your best, just don't get caught up in the hoopla Less

hi everyone. just starting my learning about rei. been in remodeling & construction all my life and looking for career change but still passionate about turning messes into masterpieces. i'm currently working full time for restoration co but trying to get changed to rei as quickly as possible. if anyone's... More interested in a working partner you can trust to do & manage rehab projects in this area, (while learning the biz of course) drop me an email: Show email
anyone out this way? i'm in the coachella valley; palm springs, palm desert, rancho mirage, indio area, bout 20 miles east of city of riverside in southern cali.
best wishes to you all